PAX Gold (PAXG) is a tokenized gold asset — a cryptocurrency where each token is backed 1:1 by a physical ounce of gold held in professional vaults. This means owning PAXG is intended to represent ownership of actual gold without needing to store physical bullion yourself. �
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📈 Current Market Context (2026)
Price & Performance: PAXG is trading around ~$5,500–$5,570 with noticeable gains over recent periods, reflecting general strength in gold prices and tokenized commodity demand. �
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Market Cap & Volume: Market cap sits above $2.3B, with active daily volume exceeding $1B, indicating decent liquidity for a real-asset backed crypto. �
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Trend: Recent price upticks correlate closely with gold’s broader rally — traditional safe-haven demand has flowed into tokenized gold products like PAXG.
